Sep 09 2020

Texas Daily Ag Market News Summary Posted 4 years 80 days ago by Administrator Account

Daily Market Summary for September 9^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading and demand have been moderate. Compared to last week live purchases moved 1.00 to 2.00 lower at 101.00 and dressed purchases moved 2.00 to 3.00 lower from 160.00 to 161.00. In Kansas and Western Cornbelt negotiated cash trading has been limited on light demand. In Kansas a few live purchases moved at 101.00. In the Western Cornbelt a few dressed purchases moved from 160.00 to 161.00. However, not enough purchases in either region for a full market trend. Last week in Kansas live purchases moved mostly at 103.00. For the prior week in the Western Cornbelt live and dressed purchases moved from mostly 103.00-104.00 and 162.00-164.00, respectively. So far for Wednesday in the Texas Panhandle negotiated cash trading has been at a standstill. Last week live purchases moved mostly at 102.00-104.00.

   

Negotiated Sales:

Confirmed:             27,387

Week Ago:              16,708

Year Ago:                 2,624

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,100

Weighted avg. weight:       900 lbs.

Weighted avg. net price:    173.32

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              120,000

Week ago (est)                 117,000

Year ago (act)                   116,000

Week to Date                    241,000

Same Period Last Week   356,000

Same Period Last year     351,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 222.95… -1.87

Select:  207.51… -0.95

Choice/Select Spread: 15.44

Total Load Count: 186

        

Cutter Cow Cutout:

181.81… -2.36

   

CME Feeder Cattle Index for September 4^th:

139.05… -1.15

            

Futures…

Live Cattle:

October: 104.70… -1.07

December: 109.15… -0.97

February: 113.42… -0.55

   

Feeder Cattle:

September: 138.40… -0.55

October: 138.25… -1.60

November: 139.95… -1.77

     

October Hogs: 61.37… +1.47

October Crude Oil: 38.05… +1.29

   

December Corn: 3.6025… -0.0150

December Wheat: 5.4375… -0.0050

   

Grain Cash Bids:

Kansas City Corn: 3.42… -0.02

Kansas City Wheat: 4.39… +0.01

   

Financial Markets:

DJIA: 27,940.47… +439.78

S & P 500: 3,398.99… +67.14

NASDAQ: 11,141.56… 293.87

U.S. Dollar Index: 93.21… -0.24